TOKYO, Dec 11 (Reuters) - Gold prices rose above $1,130 an
ounce on Friday as the dollar steadied, after snapping a four-day
losing streak the day before when investors returned to buy
bullion, which had fallen from record highs hit last week.
FUNDAMENTALS
* Spot gold <XAU=> edged up 0.4 percent to $1,134.50 an ounce
as of 0003 GMT.
* U.S. gold futures for February delivery <GCG0> rose 0.9
percent to $1,136.00 an ounce, compared with $1,126.20 on the
COMEX division of the NYMEX.
* Gold rose on Thursday, snapping a four-session losing
streak as institutional investors and exchange-traded funds added
positions after bullion retreated from record highs last week.
* The world's largest gold-backed exchange-traded fund, SPDR
Gold Trust <GLD>, said its holdings stood at 1,116.247 tonnes as
of Dec. 10, unchanged from the previous business day. []
MARKET NEWS
* U.S. stocks gained on Thursday as signs of improving trends
in the job market and a decline in the U.S. October trade deficit
reassured investors the economy was on a steady growth path. []
* The dollar was steady against a basket of major currencies
on Friday as investors awaited a series of Chinese data due later
in the session. On Thursday, the dollar was unchanged against the
euro despite concern about euro zone deficits, while Australia
and New Zealand's currencies soared as strong economic data
hinted at further interest rate rises.[]
DATA EVENTS
* The following data is expected on Friday: <ECON>
- China consumer price index for November. (0200 GMT)
- China producer price index for November. (0200 GMT)
- China industrial output for November. (0200 GMT)
- China November retail sales. (0200 GMT)
- China trade balance for November. (N/A)
- UK producer prices for November. (0930 GMT)
- OECD leading indicator for October. (1000 GMT)
- ECB President Trichet to speak in London. (1215 GMT)
- U.S. import/export prices for November. (1330 GMT)
- U.S. retail sales for November. (1330 GMT)
- U.S. business inventories for October. (1500 GMT)
RELATED NEWS
>Gold rises; funds buy after 4 days of decline []
>New US jobless claims rise, trade gap narrows []
>Oil breaks below $70, sugar, cocoa jump []
>S.Africa gold output down 5.8 pct yr/yr in Oct []
>Commods investors go active,seek returns-BarCap[]
PRICES
Precious metals prices at 0003 GMT
Metal Last Change Pct chg Day ago pct MA 30 RSI
Spot gold $1134.45 $4.30 +0.38% -2.03% $1138.24 36
Spot silver $17.39 $0.02 +0.12% -4.35% $17.99 30
Spot plat $1420.50 -$1.50 -0.11% +0.07% $1416.28 43
COMEX gold $1135.70 $4.40 +0.39% +1.32% $1134.97 40
TOCOM gold 3,234 36 +1.13% +0.43% 3,280 40
TOCOM plat 4,050 48 +1.20% +0.95% 4,066 44
Currencies
Euro/dlr $1.473 -$0.001 -0.04% +0.03%
Dlr/yen 88.31 0.12 +0.14% +0.51%
(Reporting by Chikako Mogi; Editing by Chris Gallagher)
